Core Viewpoint - The recent appointment of a new CFO at Green Tea Group is significant for the company, especially following its recent IPO, as the CFO plays a crucial role in financial management and strategic planning [4][5]. Group 1: Management Changes - Green Tea Group announced the resignation of its former CFO Zhang Li due to job relocation, effective October 28, 2025 [2]. - The company appointed Shang Wei, who has over 20 years of experience in finance and investment, as the new CFO, effective the same date [2][5]. Group 2: Company Performance - Following its IPO on the Hong Kong Stock Exchange in May, Green Tea Group reported strong performance in its mid-year report, with revenue reaching 2.29 billion yuan, a year-on-year increase of 23.1% [5]. - The restaurant network has expanded to 502 locations, covering 21 provinces, 4 municipalities, 2 autonomous regions, and the Hong Kong Special Administrative Region [5]. Group 3: Industry Insights - Analysts note that the change in CFO is a critical decision for any listed company, particularly for one that has recently gone public [4]. - Shang Wei's extensive experience in finance and investment is expected to enhance Green Tea Group's image in the capital market and improve the management of funds raised post-IPO [5].
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